The Banking Act of The Republic of China Article 129-1

The responsible person or staff of a bank or other related parties committing any of the following acts when the competent authority dispatches officials, mandates appropriate institutions, orders local competent authorities to dispatch officials or designates professionals and technologists to examine the businesses, financial conditions and other related matters, or orders the bank or other related parties to submit financial reports, property inventories or other related documents and reports in accordance with Article 45 shall be fined an administrative fine of not less than two million New Taiwan Dollars (NT$2,000,000) and not more than fifty million New Taiwan Dollars (NT$50,000,000):1.Refusing the examination or refusing to open the vault or other storage facilities;2.Concealing or damaging books and documents related to businesses or financial conditions;3.Refusing to reply to inquiries made by the examiner without justification or make false replies.4.Failure to submit financial reports, property inventories or other related documents or reports within the prescribed period, providing false or incomplete submissions or failure to pay examination fees within the prescribed period of time.A foreign bank’s responsible person or staff or other related parties committing the acts prescribed in any of the subparagraphs of the preceding paragraph when the competent authority dispatches officials, mandates appropriate institutions or designates professionals and technologists to examine the businesses, financial conditions and other related matters or order the foreign bank or other related parties to submit financial reports, property inventories or other related documents and reports in accordance with Article 123 which refers to Article 45 shall be punished pursuant to the preceding paragraph.